23324 Bay Side Drive
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 1, 2026 | No longer available | - | |
| No longer available | |||
| Oct 30, 2025 | Price Decreased |
$779,000
↓ $30K
(3.7%) | |
| Price Decreased | |||
| Aug 27, 2025 | Price Decreased |
$808,900
↓ $100
(0%) | |
| Price Decreased | |||
| Apr 25, 2025 | Listed by Keller Williams Realty-Tyler | $809,000 | |
| Listed by Keller Williams Realty-Tyler | |||
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Discover your dream retreat situated along the stunning shores of Lake Palestine in East Texas. This exquisite waterfront home invites you to experience lake life like never before, offering breathtaking sunset views and a host of luxurious amenities. Boasting three spacious bedrooms plus a dedicated office, this residence is perfect for families or those seeking extra space for work and leisure. With 2 bathrooms and a 2 car garage, convenience and comfort are at the forefront of this charming home. Step outside to your fenced-in backyard, where you'll find a double-decker boathouse, perfect for soaking in those picturesque evenings by the water. The outdoor retreat is complemented by a brand-new Generac generator, ensuring peace of mind and uninterrupted relaxation during your lake stay. Inside, the home has been completely updated with stunning luxury vinyl plank flooring, marble kitchen countertops, fresh paint, and modern lighting that create an inviting atmosphere throughout. Enjoy year-round entertainment in the enclosed back patio, which can be heated and cooled, making it the ideal spot for morning coffee or sunset views over the lake. Additionally, the property features a converted outdoor building, currently serving as a man cave. This home can be purchased as a fully furnished turn-key retreat, allowing you to simply walk in, kick off your shoes, and start enjoying lake life right away. Alternatively, you have the option to customize the space to your liking, creating your own personal haven with your own furnishings. Nestled in a welcoming community where neighbors stroll and enjoy the serene surroundings, you'll find a private marina with boat and trailer storage available, as well as access to multiple parks. Don’t miss this incredible opportunity to own a slice of lake life paradise. This charming and exquisite home in Cumberland Ridge is ready to welcome you to East Texas living at its finest!
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| Aug 25, 2024 | Withdrawn | - | |
| Withdrawn | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017